Bitcoin FBI Scams 
PYMNTS
JULY 13, 2020
Two Nigerian scammers known for allegedly defrauding American companies for tens of millions of dollars that they transferred into bitcoin were extradited to the U.S. Ponle, according to the complaint, wasn’t that concerned with covering his tracks — he reportedly used the same address on the Bitcoin network since 2014.
PYMNTS
APRIL 26, 2019
Business email compromise (BEC) scams are gaining traction, and bilking unwitting individuals and companies out of an increasing amount of money. Recently announced statistics from the Federal Bureau of Investigation (FBI) bear out this trend. Actors usually get around 70 percent of the face value of the card in bitcoin.”.
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PYMNTS
APRIL 15, 2020
The Federal Bureau of Investigations is expecting a spike in scams and fraud cases trying to capitalize on the coronavirus pandemic in relation to cryptocurrency, it said this week. Some scams may promise treatments or cures for the virus, which are fraudulent because no known cure exists yet.
PYMNTS
MARCH 9, 2020
The FBI has once again sounded the alarm on the proliferation of digital fraud like ransomware and the business email compromise (BEC) scam, releasing new stats on the financial damage such criminal activity has caused in the U.S. 3 individuals were arrested in India for an invoice fraud scam , according to CNBCTV reports this week.
PYMNTS
OCTOBER 9, 2020
Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. FBI Director Christopher Wray added that his agents have observed the dangers of cryptocurrency’s criminal usage firsthand, noting that a promising technology has sometimes been used to conduct illicit activities. “We
PYMNTS
SEPTEMBER 11, 2019
But that message is apparently lost on criminals, who, according to a new report, have stolen some $26 billion over the last three years in a scam generally known as “ business email compromise.”. This is not the first time the FBI has sounded a warning about business email compromise. Federal Bureau of Investigation. Fraud Trends.
PYMNTS
MAY 20, 2020
The digital age, of course, has given rise to digital scams. And now the fraudsters, increasingly, seem to be eyeing bitcoin, the marquee name in cryptocurrency, as coin of the realm across the dark web. These statistics indicate that bitcoin continues to be a financial tool for darknet entities,” according to the report.
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